ATLANTA (December 5, 2002) -- Staying ahead of the pack means presenting
yourself as a leader and innovator. Siemens realizes this and Ray
Evernham has proven himself in this role as a premier NASCAR Winston Cup
Team Owner. Today, announcing their Associate Sponsorship and Technology
Partnership with Evernham Motorsports, Siemens combines their innovative
technologies with a proven leader.

"Evernham Motorsports and DaimlerChrysler are a force in racing and
bring Siemens the exposure and platform for further development of
technologies within NASCAR", said John Dimmerling, director of
Corporate Marketing Communications for Alpharetta, GA-based Siemens
Energy & Automation, Inc.

"Racing sponsorship provides a unique opportunity for a company as
diverse as Siemens. In addition to brand exposure, NASCAR has been a
great place for us to showcase our broad range of products and services,
build relations with our customers and discover new business. We are
excited about the opportunity to continue this relationship with NASCAR
through Ray and his team."

"At Evernham Motorsports, we are committed to being technological
innovators in the sport," said Ray Evernham, President and CEO of
Evernham Motorsports. "That's why our new partnership with
Siemens is such a perfect match. Their resources will prove invaluable as
we continue our pursuit of remaining on the cutting edge of technology.
We are pleased to have them as a valued partner and are looking forward
to working with their more than 3,000 distributors nationwide. "

Siemens AG (NYSE: SI), headquartered in Munich, is a leading global
electronics and engineering company. It employs some 426,000 people in
192 countries, and reported worldwide sales of more than $84 billion in
fiscal 2002 (10/1/01-9/30/02). The United States is Siemens'
largest market, with more than 74,000 employees in all 50 states.
Corporate headquarters for Siemens' U.S. businesses are located in
New York City. For more information: www.usa.siemens.com.